Restaurant for Sale in St John's Wood, NW8
Property ID: RPS-23366
PROPERTY & BUSINESS SNAPSHOT
Type Restaurant & Cafe
Location St John's Wood / South Hampstead border
Lease expiry Ending in 2040 (Inside the 1954 Act)
Rent £35,000 p.a. exclusive
Rent review Every 5 years with next review due in 2030
Floor area Circa 1,292 sq. ft (ground floor & basement)
Covers Circa 36 covers with some outdoor space
Rateable value 33,500
Business rates payable Circa £12,797 per annum
Permitted use Restaurant (Class E)
Annual Turnover Circa £140,400 (circa £2,700/week)
Ancillary Gas, extraction & premises licence
Premium £75,000 (Lease and FF&E)
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
6 month's rent deposit required (subject to references)
Other usual checks will be carried out
MAIN DETAILS
Situated in an exclusive St John's Wood location, this fully fitted restaurant accommodates approximately 36 covers on the ground floor with circa 673 sq. ft & fully fitted kitchen with circa 618 sq. ft in the basement.
It benefits from gas, extraction and a premises licence, providing the essential infrastructure for restaurant and takeaway operations.
The business generates an annual turnover of circa £140,400, equivalent to approximately £2,700 per week, and benefits from a long 14-year lease ending in 2040.
THE LOCATION
It is an affluent, mostly residential catchment close to Abbey Road, with South Hampstead Overground and Swiss Cottage and St John's Wood tubes all close by.
Offers an established mix of restaurants, cafés, shops and local amenities, creating an attractive environment for food and hospitality businesses.
Local parade rather than a destination high street and brings a loyal neighbourhood customer base and good delivery demand from high-income households.
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
